Edge Resources Inc. ("Edge" or the "Company") (TSX VENTURE:EDE)(AIM:EDG) is
pleased to announce that it has commenced its summer drilling program early. The
first two wells of Edge's summer drilling program commenced over the weekend.


The Company opportunistically secured a rig, which was between wells on a
separate, nearby program for another operator.


Brad Nichol, President & CEO, commented, "I'm proud of our operational team, who
moved very quickly when we learned of this rig's availability for a short two
well window. This allows us to get the first two wells drilled earlier than
planned and start production testing while we continue preparations on the
remainder of the program."


The first well is being drilled in an eastern section ("Asset East") of the
Company's Primate, Saskatchewan property. This section is a non-producing
section that immediately offsets a very actively-drilled area. As this section
did not contain any producing wells, it was previously allocated zero value in
the Company's reserve report and balance sheet.


Brad Nichol added, "With the majority of our reserve value in Primate currently
being allocated from producing wells or producing sections, this first well
represents a major opportunity for us to generate shareholder value from a
non-producing section. Beyond this first summer program, we look forward to
taking advantage of our large, undeveloped land-base, which is now almost double
the size of our nearest active competitor in the area. Our strategy to grow
through both acquisition and drilling is continuing, and we look forward to
updating our shareholders with the results of both when they are available in
the future."


For more information, visit the company website: www.edgeres.com.

About Edge Resources Inc.

Edge Resources is focused on developing a balanced portfolio of oil and natural
gas assets from properties in Alberta and Saskatchewan, Canada. Management has
consistently focused on:




1.  Shallow, vertical, conventional programs with reduced capital,
    operational and geological risks 
2.  Very high or 100% working interests and fully operated assets 
3.  Pools and horizons with exceptionally high reserves in place



The management team's very high drilling success rate is based on the safe,
efficient deployment of capital and a proven ability to efficiently execute in
shallow formations, which gives Edge Resources a sustainable, low-cost,
competitive advantage.


This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address future production, reserve potential, exploration drilling,
exploitation activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and those actual
results or developments may differ materially from those projected in the
forward-looking statements. For more information on the Company, Investors
should review the Company's registered filings which are available at
www.sedar.com.


Barrel ("bbl") of oil equivalent ("boe") amounts may be misleading particularly
if used in isolation. All boe conversions in this report are calculated using a
conversion of six thousand cubic feet of natural gas to one equivalent barrel of
oil (6 mcf=1 bbl) and is based on an energy conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
well head.


This news release shall not constitute an offer to sell or the solicitation of
any offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or applicable exemption from the registration
requirements of the U.S. Securities Act and applicable state securities laws.


Trading in the securities of Edge Resources Inc. should be considered highly
speculative.


Edge Resources Inc. (TSXV:EDE)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Edge Resources Inc..
Edge Resources Inc. (TSXV:EDE)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Edge Resources Inc..